Wheeling, IL 60090 260 S Milwaukee Avenue

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Presented By: RE/MAX At Home
  • MLS# 12503562
  • 10/28/2025
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  • SQFT • 3,255

Home Details

Landmark Bakery & Deli - Iconic Business & Real Estate Opportunity on Restaurant Row, Wheeling! Discover an extraordinary business and real estate opportunity in the heart of Wheeling's thriving Restaurant Row along Milwaukee Avenue - one of the area's most recognized and heavily trafficked corridors, with over 30,000 cars passing daily! For more than 43 years, Chicago Bagel & Bialy has been a beloved community landmark and a profitable business known for its quality, tradition, and loyal clientele. In 2024 alone, the business reported over ONE MILLION dollars in gross sales (as shown on tax returns). The seller is now retiring, ready to pass on this legacy to its next proud owner. Situated on a 32,000 sq. ft. parcel (approx. 3/4 acre), this free-standing 3255 sq. ft. building offers tremendous flexibility and visibility. With 30 parking spaces, spacious indoor dining for 40+ guests, and a charming outdoor seating area for an additional 40+ clients, this fully equipped restaurant is designed for carry-out, dine-in, catering, and expansion opportunities, including the potential addition of a drive-thru. The state-of-the-art kitchen includes a 30-pan Middleby Marshall rotating oven with six shelves, two walk-in coolers, a walk-in freezer, extensive prep and packaging areas, retail display cases, refrigeration units, and all the fixtures needed to continue smooth operations from day one. Additional highlights include a two-car attached garage, office, storage areas, three restrooms, and security & sprinkler systems throughout. Strategically positioned near major traffic drivers such as Fresh Farms International Market, Superdawg, and Walgreens, this property's exposure and accessibility make it an unbeatable investment. The location's zoning and layout also offer versatility - ideal for future conversion to retail, mixed-use, wholesale production, or other commercial ventures. An adjacent 1/4-acre parcel owned by the Village of Wheeling may also be available for expansion discussions, presenting even more possibilities for growth. This is a once-in-a-generation opportunity to own both a highly profitable business and prime real estate in one of Chicago's most recognized dining destinations. Whether you're an investor, restaurateur, or entrepreneur looking to expand your brand - this is the property you've been waiting for. For private showings and financials, please contact the listing broker directly. Do not disturb the business or employees.
Presented By: RE/MAX At Home

General for 260 S Milwaukee Avenue

Additional Parcels Y/NNo
Business NameCHICAGO BAGEL & BIALY
Business TypeRestaurant
CityWheeling
Construction MaterialsBrick
CoolingCentral Air
CountyCook
Current UseOther
DirectionsON MILWAUKEE AVE, SOUTH OF DUNDEE
ElectricService - 201 to 600 Amps
Lease TypeN/A
Lot Size Square Feet32000
MLS AreaWheeling
Operating Expense
Ownership TypeCorporation
PossessionClosing, Negotiable
Possible UseCommercial, Condominium, Office, Development, Recreational, Retail, Special Use, Other
Property TypeBusiness Opportunity
Property TypeBus / Bus w/Real Est
RoofMembrane
Standard StatusActive
StatusActive
Stories Count1
Tax Annual Amount76599
Tax Year2023
Tenant PaysOther
UtilitiesNatural Gas Available
ZoningCOMMR

Exterior for 260 S Milwaukee Avenue

Building Area Total3255
Frontage TypePublic Road, State Road
Lot Dimensions240 X 121 X 298 X 135
Waterfront Y/NNo

Additional Details

Price History

Client Care

Price $799,900
MLS#12503562
List Date 10/28/2025
Property Type Business Op
Phone 847.485.2500
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